A new report found on Eurogamer has revealed the specs for the PS4K, aka the PS4.According to Eurogamer's sources, the upgraded PlayStation 4 -- which was first revealed back in March -- is internally codenamed PlayStation NEO.

According to Kotaku, sources claim a smaller, cheaper Xbox One will be releasing later this year with a 2 TB hard drive.This type of console release is certainly not out of the ordinary for Microsoft, as the Xbox 360 got the same treatment.

One of the big selling points of Sony’s upgraded PlayStation 4 was its 4K capabilities, but it was a feature that couldn’t be fully accessed up until now.Revealed recently on the PlayStation Blog, the incoming firmware patch will give the system the ability to finally playback 4K resolution MP4 files.

So what makes the PS4 Pro different from the PS4 and PS4 Slim (which is now the standard PS4 model)?99 in the US, and as for the other PS4 consoles, the PS4 costs about $349 while the PS4 Slim costs about $299.

Six months removed from the launch of the PlayStation 4 Pro, Microsoft has been tight-lipped about its upcoming new console, code-named Scorpio.In addition, the team behind the new console also promises improved performance for older Xbox titles that will be backwards-compatible with the Scorpio, much in the way that the PS4 Pro does for compatible PS4 software.